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Global Software Market for Autonomous Cars 2017-2021: Increasing Mergers & AcquisitionsDUBLIN, July 27, 2017 /PRNewswire/ -- The "Global Software Market for Autonomous Cars 2017-2021" report has been added to Research and Markets' offering.  The global software market for autonomous cars to grow at a CAGR of 76.10% during the period 2017-2021. The report, Global Software Market for Autonomous Cars 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The latest trend gaining momentum in the market is increasing mergers and acquisitions. The global software market for autonomous cars is witnessing a trend of increasing mergers and acquisitions. Many small companies, especially startups, are focused on developing autonomous technology for vehicles. Big automotive companies are acquiring these companies to speed up their goal of reaching Level 4 and Level 5 autonomy Further, the report states that one of the major factors hindering the growth of this market is huge price of autonomous cars. One of the major challenges faced by the global autonomous cars market is the high cost associated with these cars. The cost of Level 4 and Level 5 autonomous cars is estimated to be very high, which will not fit the budget of a middle-income family. Sensors, software, engineering, power and computing requirements, and R&D investments will increase the price of autonomous cars. The Tesla Model X equipped with a Level 2 autonomous system costs around $82,500 in the US. The price is expected to increase after Tesla releases Level 4 or Level 5 autonomous cars. Key vendors
Other prominent vendors
Key Topics Covered: Media Contact: Research and Markets 
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